Crypto

David Hirsh, who held the position of Chief of the Crypto Asset and Cyber Unit at the SEC, recently announced his resignation from the agency after spending nine years with the regulator. In a post on LinkedIn, he expressed gratitude towards his colleagues, mentors, and friends for their support throughout his tenure. Hirsh mentioned that

In the midst of negative market conditions, Ripple’s XRP has managed to rise by 1% in the past 24 hours and 3% over the course of the week. This performance has outshined popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB), all of which experienced a dip of approximately 3% during the

Bitcoin experienced a whirlwind of volatility on Monday, particularly during the evening hours, plunging to a new monthly low of $64,000. The altcoins also saw significant fluctuations, with many experiencing massive declines. This resulted in a staggering 190,000 traders being liquidated on a daily basis. The leading cryptocurrency had a relatively calm weekend, hovering around

Shiba Inu’s layer-2 scaling solution, Shibarium, has been garnering attention for its recent surge in one key indicator – the number of new accounts on the network. This indicator skyrocketed by over 860%, from just 16 to 154 within a day, hinting at a potential increase in interest and activity within the protocol. This surge

Liquid staking and the concept of liquid restaking have become significant topics in the cryptocurrency space over the past year. One platform that has been generating interest in this area is Lista DAO, which is introducing an open-source liquidity protocol designed to earn yield on collateralized cryptocurrencies like BNB, ETH, stablecoins, and other assets. The

During the annual Consensus conference in Austin, Bitwise, a U.S. spot Bitcoin ETF issuer, made a bold prediction. The company suggested that the combined forces of the cryptocurrency industry and artificial intelligence (AI) could inject a staggering $20 trillion into the global GDP by the year 2030. This forecast sparked discussions among industry leaders about

The report released by Coinbase earlier this week highlighted a concerning trend of declining crypto talent in the US. According to the report, there has been a significant decrease in the number of US-based crypto developers, down by 14 points over the past five years to just 26% today. This decline in talent is seen

Recent events in the ongoing dispute between Nigeria and Binance have taken a new turn. The Federal Inland Revenue Service (FIRS) of Nigeria has decided to drop tax evasion charges against Tigran Gambaryan, the head of financial crime compliance at Binance, and Nadeem Anjarwalla, the exchange’s director for Africa operations. The saga began in late

Bitcoin has experienced a drop to a monthly low of $65,000, causing a stir among analysts and investors. Despite the recent dip, the bigger picture reveals that the cryptocurrency has been consolidating since early March. This period of relative stability is unusual for Bitcoin, with the 30-day price range showing minimal fluctuation. Analysts are divided

Bitcoin (BTC) has experienced a 4.5% decline in the past week, reaching a monthly low of $65,000. This drop in the digital currency’s value has been attributed to a surge in selling from mining entities. In a recent report by CryptoQuant, analysts pointed out that the number of BTC transferred from Bitcoin mining entities to

In May, KuCoin exchange’s research arm released a report on the performance of cryptocurrencies, indicating that there was a notable decrease in new investments compared to April. The report highlighted that institutional investors showed a preference for Ethereum and EVM-focused platforms during this period. During the month of May, the crypto industry witnessed the public

Ripple, a prominent player in the cryptocurrency industry, has recently announced its plans to launch a stablecoin known as Ripple USD (RLUSD) in 2024. This stablecoin is set to be available on both the XRP Ledger and Ethereum platforms, aiming to act as a bridge between traditional finance and the crypto industry. Despite the potential

Recent findings by blockchain intelligence firm TRM Labs have shed light on the alarming trend of cryptocurrency deposits into crypto addresses associated with Chinese drug precursor manufacturers. The data revealed a significant surge in cryptocurrency deposits in the first four months of 2024 compared to the same period in 2023. According to TRM Labs, Chinese

This week, Ethereum experienced a loss of 4.4%, resulting in a decline in bullish momentum. The price of the cryptocurrency dropped to the key support level of $3,500 as sellers took control of the market. However, this pullback could potentially be a normal retest following the significant breakout that occurred after the ETF confirmation. It

Bitcoin, the leading cryptocurrency, has been a subject of great interest and speculation among investors. Despite recent struggles to stay above the all-time high of $73,000, Bernstein, a well-known brokerage firm, remains bullish on the future trajectory of Bitcoin. In a recent report, analysts at Bernstein revised their long-term price forecast for BTC to $200,000

Bitcoin has been on a rollercoaster ride in the past few days, with its price plummeting to $65,000, only to quickly recover to $70,000 before dropping again. The volatility in its price has caused over $200 million worth of liquidations from traders in the past 24 hours. Despite bouncing back slightly, Bitcoin is still down

With approximately 20,000 Bitcoin options expiring today, the notional value stands at $1.35 billion. Despite the significant amount, the impact on the market is anticipated to be minimal due to the comparatively smaller size of this expiry event. However, investors are closely watching the looming Bitcoin options expiry on June 28, with a massive $6.7

The cryptocurrency market has been experiencing a period of stagnation in recent days, with major cryptocurrencies hovering around critical price levels. Bitcoin, in particular, has been struggling to break past the $67K mark, despite several attempts earlier in the week. Currently, BTC is trading at a 1% loss over the past 24 hours, with sellers

The cryptocurrency world is no stranger to controversy, and a recent thread by blockchain analytics platform Bubblemaps has brought insider trading allegations to the forefront. The accusations involve meme coin projects promoted by Andrew Tate and Iggy Azalea, shedding light on suspicious activities surrounding the launch of DADDY and MOTHER coins. According to Bubblemaps, at

Despite Ethereum (ETH) experiencing a recent decline to around $3,500, there is optimism among analysts about the potential for new all-time highs in the coming months. Some market experts, such as X users Wolf and Jelle, have pointed to positive technical indicators that suggest a bullish trend for the second-largest cryptocurrency by market capitalization. One

ENA, the native token of Ethena, has been experiencing a considerable amount of selling pressure in the past few weeks. This trend has led to a drastic drop in the token’s value, with ENA plummeting to $0.73, marking its lowest price point since May 20th. Unfortunately, this downward spiral has resulted in substantial losses for

Terraform Labs, a now-defunct crypto firm, has recently come to a settlement with the Securities and Exchange Commission (SEC) regarding fraudulent activity related to the defunct Terra blockchain. The settlement involves a massive $4.47 billion fine that Terraform Labs has agreed to pay. This fine is meant to address the magnitude of the fraud and

The cryptocurrency market experienced a notable surge following the release of the latest US Consumer Price Index (CPI) data, with Bitcoin and Ethereum posting gains of 3.4% and 2.43% over the past 24 hours, respectively. Despite this positive movement, the market remains uncertain, with Bitcoin hovering at around $70,000 and Ethereum struggling to break past

Recently, there has been a growing concern among market experts regarding the vulnerability of risk assets in the financial sector. This vulnerability could potentially impact bitcoin (BTC) and lead it into a “slow bleed environment”. Various economic factors are being closely monitored to assess the potential impact on BTC. One of the key factors that

The US spot Bitcoin ETFs, such as GBTC, began June with a bang despite some indication of diminishing hype. These ETFs collectively acquired an impressive 25,729 BTC in the first week alone. This surge in purchases came after a series of fluctuations in previous months, with January seeing 33,456 BTC acquired, followed by 116,561 BTC

Bitcoin experienced a lackluster weekend with minimal price movements, hovering around the $70,000 mark. Despite a brief increase, the leading cryptocurrency failed to sustain its momentum and retraced back to familiar levels. The market remained relatively stagnant, showcasing little volatility. Bitcoin witnessed strong ETF inflows last week, marking 19 consecutive days of positive flows. This

As we approach the upcoming United States Federal Reserve rate decision on June 12, the crypto market is experiencing some notable trends and patterns that have investors on edge. Historically, altcoin and Bitcoin pairs have seen significant capitulation in the wake of Fed rate decisions, with a final flush out of altcoins often occurring just